Hang Seng's Record Surge?
Bulls Run With Two Crowds

Forget bears. In Hong Kong's heady stock market, it's the two kinds of bulls you should be thinking about.

While markets in Southeast Asia have languished, Hong Kong's Hang Seng Index had risen 20.9% this year, to a record close of 16379 on Friday before losing some ground Monday. Many fund managers and analysts believe that even though temporary stumbles such as Monday's are always a possibility, the index still has plenty of momentum to rise to 17000 or higher before the year is over. But their expectations about how...